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American Philosophical Society

Philadelphia, PA · EIN 23-1353269 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

American Philosophical Society reported $20.4 million in revenue and $15.6 million in expenses for calendar year 2024. Of every $100 it spent, $72.59 went to program services, $22.30 to management and general costs and $5.11 to fundraising. Its largest source of revenue was investment income: 82.9% of the total. The highest compensation it reported for one person was $376,275 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue fell 6% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16M

For context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $20M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 876 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
72.6%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
22.3%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
5.1%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.24$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
16.0%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%1.7%
Program service revenue share
Part VIII 2g ÷ 12
0.7%20.8%
Highest reported compensation
Part VII-A, columns D–F
$376,275$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.42%2.03%
People paid over $100,000
Part VII, line 2
128
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
233.136.6
Independent voting board members
Part VI 1a–1b
31 of 31100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$11M expenses · 100.0% of program spending · grants $1.8M · revenue $151K

The Society's printed Yearbook for 2024 gives a complete account of the Society's activities. A copy will be furnished upon request. Details concerning contributions and research grants are on hand and are available for inspection at the Society's office

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Director/trustee, officer, 40.00 hrs/week
$341,000$0$35,275$376,275
Dir of Library
Officer, 40.00 hrs/week
$257,373$0$44,445$301,818
Financial Offic
Officer, 40.00 hrs/week
$251,750$0$48,992$300,742
CEO
Officer, 40.00 hrs/week
$231,916$0$29,014$260,930
Development Direct
Listed in Part VII, 40.00 hrs/week
$192,610$0$29,601$222,211
Asso Dir of Collec
Listed in Part VII, 40.00 hrs/week
$139,050$0$37,238$176,288
Assoc Dir of Colle
Listed in Part VII, 40.00 hrs/week
$113,810$0$46,183$159,993
Assoc Dir of Digit
Listed in Part VII, 40.00 hrs/week
$120,120$0$27,041$147,161

12 people received more than $100,000 in reportable compensation from American Philosophical Society (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$20M$16M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$20M$16M72.6%$303M$376,275
2023 ⓘ$13M$14M75.1%$284M$314,881
2022 ⓘ$12M$13M73.8%$260M$304,173
2021 ⓘ$31M$12M71.0%$283M$295,502
2020 ⓘ$18M$12M72.2%$258M$289,304
2019 ⓘ$22M$12M73.1%$240M$271,921

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b31 · 31 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 583
  • Volunteers Part I, line 6174

Private foundation grants it received

22 private foundations reported grants to American Philosophical Society totaling $839K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from American Philosophical Society's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for American Philosophical Society, you can publish a response that is linked from this page.

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Questions people ask

How much of American Philosophical Society's spending goes to programs?

In calendar year 2024, American Philosophical Society reported that 72.6% of its $15.6 million in expenses went to program services, 22.3% to management and general and 5.1% to fundraising (Form 990, Part IX).

How much does American Philosophical Society pay its top executive?

The largest total compensation American Philosophical Society reported for one person in calendar year 2024 was $376,275, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does American Philosophical Society get its money?

Of $20.4 million in revenue in calendar year 2024, 16.0% came from contributions and grants (including 0.2% from government grants) and 0.7% from program service revenue (Form 990, Part VIII).

Is American Philosophical Society a registered charity?

The IRS lists EIN 23-1353269 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523079349302742 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403059349301895 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333109349303118 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223079349303102 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103129349303225 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013149349303101 · read the filing

All filings for EIN 23-1353269: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.